January 4, 2000 Associated PressHUGULEY, Ala. – Canadian-based Norbord Industries has confirmed plans to build a $120 million plant in Chambers County, Ala.The plant is expected to employ 130 people in this east Alabama town. The plant will...

January 4, 2000 Shopping center developers offer space to AOL Florida Times-Union, January 4JACKSONVILLE, Fla. – Gateway Shopping Center developers are offering to renovate the 130,000-square-foot former JC Penney store at the Northside Mall for America Online Inc....

January 4, 2000 BOSTON – A joint venture between Charlesbank Capital Partners LLC and Olmstead Properties Inc. has acquired 270 Lafayette Street in downtown Manhattan.The 80-year-old building contains 162,000 square feet on 15 floors and sits between Prince...

January 4, 2000 Asian investors looking again at B.C. commercial real estateVancouver Sun, January 4VANCOUVER – Asian investors are showing a renewed interest in the British Columbia commercial real estate market, with rental apartment buildings leading the way....

January 4, 2000 Associated PressSAN FRANCISCO – The SkyDeck and its 360-degree view of the city from atop the Embarcadero One office building in San Francisco has closed, just three years after its grand opening on the 41st...

January 4, 2000 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has leased a 249,000-square-foot office building in Dallas to VarTec Telecom Inc. for the next 15 years. VarTec will pay an average annual rent of $3.5 million...

January 4, 2000 CUPERTINO, Calif. – Marianne K. Aguiar has resigned her position as chief financial officer of Mission West Properties Inc. (AMEX:MSW) effective immediately.Aguiar plans to pursue opportunities in the high tech industry. "We are actively searching...

January 3, 2000 Prime site offered for saleOrlando Sentinel, January 3ORLANDO, Fla. – A 16-acre parcel on Lee Road at I-4 is being shopped for $14.3 million and marketed for redevelopment into 700,000 square feet of Class A...

January 3, 2000 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has sold a 55 percent interest in five buildings at two of its complexes in Parsippany, N.J., for $83.6 million.The buildings are located at 2 Hilton Court, 2...

January 3, 2000 NEW YORK – BNY Asset Solutions LLC, a subsidiary of The Bank of New York was named special servicer for two commercial mortgage-backed securities issues.The firm was formed last year through the consolidation of Trotter...

January 3, 2000 Associated Press/ASIA WorldSources Inc.The economic crisis changed the landscape of the Thai property sector. And though many ailing firms permanently disappeared from the property market, some remain. Through asset sales, debt restructuring and the inducement...

January 3, 2000 JOLIET, Ill. – Unimast Inc. has signed a 15-year lease for a 150,000-square-feet manufacturing and distribution center that will be constructed in the Rock Run Business Park in Joliet. The lease, which is valued at...

January 3, 2000 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has raised $10.8 million from a private investor by selling a 60-percent joint venture interest in a 348,400-square-foot office complex that is net-leased to Blue Cross/Blue Shield...

January 3, 2000 JACKSON, Miss. – EastGroup Properties (NYSE:EGP) sold its Waldenbooks/Borders Distribution Center in Nashville for $21.4 million and bought Southeast Crossing Business Center in Memphis for $12 million.The 564,000-square-foot Waldenbooks/Borders center was fully leased and had...

January 3, 2000 ALPHARETTA, Ga. – Golf Entertainment Inc. (NASDAQ:GECC) sold its LEC Leasing Portfolio to Somerset Capital Ltd. for about $16 million. Separately, Golf Entertainment has agreed to buy the real estate at its Traditions Gold Club...

December 30, 1999 By Orest Mandzy, VertiNews.com Managing EditorWhile net operating losses are playing a role in the merger talks between First Union Real Estate Equity and Mortgage Investments (NYSE:FUR) and Wellsford Real Properties Inc. (AMEX:WRP), a bigger...

December 30, 1999 (NewsTraders.com) -- An investment group that includes FRR Investments Ltd. and Monument Trust Co. Ltd. filed Thursday afternoon to report holding a 6.6% equity stake in Sunrise Assisted Living Inc. (NASDAQ:SNRZ)The group, which said it...

December 30, 1999 General Growth Properties Inc. (NYSE:GGP) has filed Form 424(b)(3) with the SEC. The prospectus details the REIT's dividend reinvestment plan.

December 30, 1999 VertiNews.com's Commercial Real Estate News will not be publishing tomorrow, in observance of the New Year's holiday. See you again on Monday, Jan. 3, 2000.

December 30, 1999 Metcalfe proposal would cost $350 MlnThe Ottawa Citizen, December 30 OTTAWA – A National Capital Commission plan to reconfigure Metcalfe Street and create a ceremonial boulevard leading to the national capital buildings would cost about...

December 30, 1999 Aetna considers moving operations to JacksonvilleFlorida Times-Union, December 30JACKSONVILLE, Fla. – Aetna Inc. is reviewing options whether to remain in its current locations or consolidate at another site in Jacksonville. An Aetna spokesperson wouldn't confirm...

December 30, 1999 Captec Net Lease Realty Inc. (NASDAQ:CRRR) has filed Form 8-K with the SEC, detailing the merger among Captec Net Lease Realty, Captec Acquisition Inc., Captec Financial Group and Captec Net Lease Realty Advisors Inc.

December 30, 1999 CLEVELAND – Meridian Point Realty Trust '83 (OTC:MPTBS) has agreed to acquire Liberty Self-Stor Ltd., a company controlled by Meridian's chairman and chief executive. Liberty, which is based in Mentor, Ohio, owns 15 self-storage facilities...

December 30, 1999 CLEVELAND – First Union Real Estate Investments (NYSE:FUR) said it has entered into a confidentiality and standstill aggreement with Wellsford Real Properties Inc. (AMEX:WRP).The agreements allow First Union and Wellsford to explore the the possibility...

December 30, 1999 Simon Property Group Inc. (NYSE:SPG) has filed Form S-3 with the SEC. The filing will permit Teachers Insurance to sell on the secondary market 1 million shares of Simon's Series E cumulative redeemable preferred shares,...